Around the PIA Western Alliance States – Week of June 10, 2024

California – Work Comp Written Premium Increase: The California Workers’ Compensation Institute says direct written premiums in the state have risen for the third straight year.

In 2023 premiums hit $11.8 billion, up from $11.6 billion in 2022. It’s the highest figure since 2018.

Source link: Business Insurance — https://bit.ly/3VsDD8m

Oregon — Wildfire Hazard Map Community Information Session: The Oregon Department of Forestry, Oregon State University and other wildfire programs partner agencies will be hosting six open houses in communities throughout the state. These events will provide an opportunity for Oregonians living in the highest hazard areas to talk with agency representatives and get their questions about the hazard map, defensible space, home hardening and insurance answered.

Meetings will be held from 7 to 9 p.m. on the following dates:

Central Point—Monday, June 17, Jackson County Fairgrounds, Mace Building, 1 Peninger Rd., Central Point, OR 97502

Grants Pass—Thursday, June 20, Grants Pass High School, 830 NE 9th St., Grants Pass, OR 97526

Klamath Falls—Monday, June 24, Klamath County Event Center, Hall #2, 3531 S 6th St., Klamath Falls, OR 97603

The Dalles—Monday, July 1, Oregon

Washington — OIC Answers covers Medicare fraud: On this Medicare Fraud Prevention Month episode of the OIC Answers podcast, Kim McKenna — our Senior Medicare Patrol program coordinator — discusses the most common Medicare-related scams, how to keep yourself safe from fraud, what to do when you think you’re being targeted in a scheme, and how the Senior Medicare Patrol works.

Listen on Apple Podcasts — https://bit.ly/3z69e7Y

Listen on Spotify — https://bit.ly/3Xkuv85

For questions about reporting a concern to Washington State Senior Medicare Patrol, you can call our Insurance Consumer Hotline at 1-800-562-6900 or submit in writing.

If you are interested in volunteering with the SHIBA or SMP programs, contact us at 1-800-562-6900.

Washington — Notice of rulemaking on Insurer Holding Company (R2024-04): We are starting rulemaking [(R 2024-04)] because SB 6027 (2023-24) was passed to align Washington’s Insurer Holding Company Act (Ch. 48.31B RCW) with the updated NAIC model authorities including the Holding Company System Regulatory Act and Insurance Holding Company System Model Regulation with Reporting Forms. The NAIC revised these models in 2020 and adopted the updated versions as accreditation requirements for state insurance regulators effective January 1, 2026.

This rulemaking will fully implement the new law and updates to NAIC model laws and provide administrative guidance and regulatory clarification for the group capital calculation requirements, including insurance holding company exemptions. Additionally, this rulemaking is designed to adopt the complete group capital calculation framework recommended by the NAIC.

The comment period for this rule begins on June 5, 2024, and will close on July 19, 2024. Please send comments to rulescoordinator@oic.wa.gov.

For more information, including the notice to start rulemaking (CR-101), please visit the insurer holding company (R2024-04) web page.

Washington — Notice of rulemaking on Consolidated Health Care (R2024-05): We are starting rulemaking (R 2024-05) due to the recent passage of health care and insurance related legislation and other changes in law. Multiple provisions of health care and insurance regulations in the Washington Administrative Code (WAC) may need updated by OIC to be consistent with the legislation passed and codified in the Revised Code of Washington (RCW) and recent federal law changes.  This consolidated rulemaking aims to implement SSB 5300 (RCW 48.43.0961), ESHB 2041 (Chapter 62, Laws of 2024), SB 5821 (Chapter 215, Laws of 2024), ESHB 1957 (Chapter 314, Laws of 2024), and other related legislation and laws.

This effort may include but is not limited to clarifying prescription drug coverage for behavioral health treatment, updating reimbursement and collaboration requirements related physician assistants, updating the definition of “established relationship” as applied to audio-only telemedicine services, and clarifying coverage and cost sharing requirements for preventive services. This rulemaking may impact the following authorities: 284-43-5000, 284-43-5080, 284-43-5110, 284-43-2021, 284-170-270, 284-170-411, 284-170-421, 284-170-431, 284-170-433, 284-170-130, 284-43-5642, 284-43-5640, 284-43-5800 and 284-43-5980.

These rules will facilitate implementation of the new laws by ensuring that all affected health care and insurance entities understand their legal rights and obligations under the enacted legislation.

The comment period for this rule open on June 4, 2024 and will close on July 5, 2024. Please send comments to rulescoordinator@oic.wa.gov.

For more information, including the notice to start rulemaking (CR-101), please visit the consolidated health care web page.

About PIA Western Alliance

The Professional Insurance Agents Western Alliance is a membership organization promoting and enhancing the success of independent agencies seeking to grow, learn and be heard within the industry.


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